J.P. Morgan has signed a memorandum of understanding with Ukraine's president Volodymyr Zelenskyy on establishing a fund to aid in rebuilding Ukraine's infrastructure
Sen. Dan Sullivan, R-Alaska, reacts to Biden refusing to sent F-16 jets to Ukraine.
J.P. Morgan bankers spent most of last week meeting with Zelenskyy and his senior staff in Ukraine where they discussed the creation of a fund seeded with $20 billion to $30 billion in private capital, according to people with direct knowledge of the matter. FILE - JP Morgan CEO Jamie Dimon looks on during the inauguration the new French headquarters of JP Morgan bank, June 29, 2021 in Paris. Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his annual letter to JPMorgin Kyiv and other cities, dodging bombs, and witnessing firsthand how the war has crippled the country’s economy. After a series of meetings with various ministers, they met directly with Zelenskyy on Friday night.
The Russian invasion has been thwarted by stiff resistance from Ukrainians with the assistance of billions of dollars in U.S. and western aid. Still, Russia is said to control around 15% of the country, mostly in the east. While the Russian military has suffered significant casualties, its bombing of key cities such as Ukraine's capital of Kyiv as well as civilian and infrastructure targets has devastated the Ukrainian economy.
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JP Morgan reaches agreement with Ukraine’s Zelensky on rebuilding infrastructureJP Morgan bankers spent most of last week meeting with Zelensky and his senior staff where they discussed the creation of a fund seeded with $20 billion to $30 billion in private capital, according…
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